![]() Talk about creating savings goals like putting money away for college or trade school, or a car. Encourage them to commit a certain amount of their income, such as 10%, to savings each time they get paid. If your teen has minimal expenses, it’s a great opportunity to teach him or her an important money management habit - saving. Explain the basics of how budgeting works: add up your income, add up your expenses, then subtract the second number from the first. If your teen is working this summer, whether it’s a full-time job or a series of smaller jobs like mowing lawns, work with them to create a spending and saving plan for the money they'll earn.īudgeting for teens may look different than creating your family's household budget, but you can still apply some of the same concepts. Suggest a personal budget for a summer job Or, if there are multiple activities your teen wants to do as part of the trip, you could work together to decide which ones to include based on how much you have to spend for the trip. If your vacation budget is limited, that could mean making trade-offs elsewhere, such as staying at a less expensive hotel. For instance, you may be committed to including certain activities as part of a trip. Talk with your teen about each item's price, why it costs that much, what you might be able to do to get a better deal, and where the money will come from.Īlso, discuss setting priorities within the budget. Sit down together and list out the expenses involved in making a vacation or summer budget. If you're planning a family vacation or other fun activities over the summer, have your teen work with you to create a budget for the trip. ![]() Involve teens in planning the family vacation budget Here are some practical ways to raise your teen's financial IQ over the school break. Worksheet that prepares student for jobs in the real world by learning how to handle cash.Long summer days offer numerous opportunities to talk money with teens and encourage hands-on learning. Visit the comic book universe to understand and answer the three basic economic questions: What to produce, how to produce it, and for whom to produce? Pages 11-20 relate to what is money.ĭiscover circular flow across the Planet Novus economy and learn about supply and demand, wants and needs, and the flow of goods and services. Once Upon a Dime is also available in Spanish. Learn the story of the growing economy on Planet Novus and focus on the concepts of barter, currency, and banking. When did we transition from the barter system to using money? This video discusses some of its origin stories. ![]() The value of money all comes down to trust. Visit the comic book universe to understand and answer the three basic economic questions: What to produce, how to produce it, and for whom to produce? Pages 1-10 relate to earning and spending money. Pages 4-10 of this workbook walk students through choosing a career. ![]() Using career profiles and 360 videos, Let's Go! CAREERS bring students virtually inside the work environment, especially in areas that need skilled workers.Īctivity that encourages students to think about their future self. Worksheet that walks students through setting smart money goals. Worksheet that helps students understand the importance of money goals. Worksheet that helps students explore good savings habits. Video clip from Biz Kid$ that discusses how setting financial goals is important for achieving success. ![]() Lights, Camera, Budget! leverages the excitement around the film industry to teach students key personal finance concepts. Interactive activity that helps students develop a personal budget. Money guide from the Money Savvy Generation. Worksheet from the Money Savvy Generation that teaches budgeting and saving basics. PBS video that teaches the costs of pet ownership. Teaches the concepts of money management and budgeting. The classic game is an opportunity to teach the basics of budgeting, saving, and purchasing. Financial education resources and activities that can be done at home. ![]()
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